The New Normal?

WHY SO MANY AMERICANS REMAIN UNEMPLOYED

Charles R. Morris September 12, 2011 - 12:20pm

Despite the paralysis in Washington, D.C., there is a consensus that job creation is a prime policy objective. A new analysis[1] of American employment from the McKinsey Global Institute, the nonprofit research arm of the big consultancy firm, sheds welcome light on a murky subject.

The current “jobless recovery” is a new phenomenon in post–World War II history, an ugly hallmark of the 2000s. A...

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